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revati media ltd

Kajaria Ceramics reports fraud in step-down wholly-owned subsidiary

Dec 19,2025

Kajaria Ceramics announced that Dilip Kumar Maliwal, Chief Financial Officer of Kajaria Bathware, a wholly owned subsidiary (KBPL) of the Company found to have committed a fraud over a period of last two years by way of embezzlement and siphoning of funds of Kerovit Global, a wholly-owned subsidiary (‘WoS') of KBPL, which is a step-down WoS of the Company. The estimated amount of fraud is Rs 20 crore.

KBPL has filed a compliant with the police and terminated Dilip Kumar Maliwal from the service of KBPL.

77,550.25 918.60 ( 1.20%)

47,930.49 -276.32 (-0.57%)

6,837.38 -8.28 (-0.12%)

56,916.27 1,020.95 (1.83%)

10,596.33 -7.15 (-0.07%)

92.50 0.06 (0.07%)

108.05 0.09 (0.08%)

124.08 0.03 (0.03%)

0.58 0.00 (-0.25%)